Sensex, Nifty Open Nearly Flat As FIIs Turn Buyers, DIIs Sell; October CPI Data In Focus

November 12, 2026

Mumbai: Indian stock markets opened in negative space on Thursday as FIIs increased their buying spree while DIIs continued to unload their shares.

The NSE Nifty 50 index opened at 25,227.50, down 26.30 points or 0.10 percent while the BSE Sensex opened 52.20 points or 0.06 percent lower at 81,827.20.

However, the Nifty and Sensex opened in a volatile environment as FIIs who have been selling equities till recently are now aggressively buying shares while DIIs have turned sellers.

FII-DII Tug Of War May Determine Trend

“The recent bullish run has been mostly due to heavy buying by FIIs,” said V K Vijayakumar, Chief Investment Strategist at Geojit Investments.

“The Nifty rally of 9.55% in seven trading sessions so far in November is being led primarily by the aggressive buying by the FIIs,” he said.

“While it has been observed that FII and DII positions have reversed from where they were before November, the tug of war between them will play a key role in determining the direction of the market in the short term,” he added.

“Given the continued buying by foreign investors and selling by domestic investors, it can help the market to go higher to make history. But profit booking by domestic investors can cap any further gains,” he said.

Focus On October CPI

The focus of investors also lies on the October CPI inflation data, which will be released later in the day.

“There is a chance of CPI coming in around 6 percent. There is a chance of the repo rate getting hiked by 25 basis points in December and then another 25-basis point hike in February. This can hit interest sensitive sectors,” said Vijayakumar.

However, strong Q2 earnings coupled with relief on the macroeconomic front due to lower crude oil prices (currently trading at around USD 92 per barrel of Brent crude ) can boost the rally.

Broader Indices

Broader indices saw some positive movement as the Nifty Midcap 100 index gained 0.12 percent while the Nifty Smallcap 100 index rose 0.38 percent. The Nifty 100 index however fell 0.12 percent.

Sectorial indices saw mixed movement as Nifty Auto fell 0.34 percent, Nifty IT fell 0.71 percent, Nifty Pharma fell 0.27 percent while Nifty Private Bank fell 0.03 percent.

However, Nifty FMCG rose 0.02 percent, Nifty Media rose 0.12 percent, Nifty Metal rose 0.09 percent and Nifty PSU Bank rose 0.11 percent.

Commodity prices saw Brent crude fall 1 percent to USD 91.78 per barrel. Gold fell 0.39 percent to Rs 1,39,165 per 10 grams (24 carat), while silver fell 0.94 percent to Rs 1,82,785 per kg.

Asian Markets

Asian markets too showed mixed movement. Hong Kong’s Hang Seng fell 1 percent to 24,090 while Singapore’s Straits Times fell 0.06 percent to 5,289.

However, Japan’s Nikkei 225 rose 0.24 percent, Taiwan’s weighted index rose slightly to 44,252 and South Korea’s KOSPI rose 0.28 percent to 5,399.

Sensex And Nifty Rally

The benchmark indices rallied after an initial loss. At around 10:26 am, the Sensex was trading at 82,138.47, up 259.07 points or 0.31 percent while the Nifty 50 index was trading at 25,325.30, up 70.25 points or 0.28 percent.

Indian stocks saw heavy inflows as foreign investors bought shares worth around Rs 12,563 crore on November 11 while domestic institutional investors sold shares worth around Rs 8,435 crore. The strong inflows along with lower crude oil prices have boosted sentiments but investors are cautious ahead of inflation data.